A different sort of housing crunch
The housing market may be slumping, but Denver homeowners see a way to cash in -- temporarily, at least. With hotels booked, they're hoping to rent out their places to Democratic National Convention-goers, The Wall Street Journal reports:
Owners of one-bedroom apartments near the convention site are asking as much as $750 -- per night. Moderate-size houses are seeking $1,500 or more a night, and the owner of a mansion suitable to host big parties or fund-raisers is asking $100,000 for all of convention week.
Folks in the Minneapolis-St. Paul area have the same idea for the Republican National Convention:
Craigslist shows about 900 RNC-related housing posts.
